Susquehanna Lifts AMD Price Target to $375 as Meta Plans AMD Chip Deployment
Susquehanna raised AMD’s price target to $375 from $300, citing stronger AI and data center chip demand ahead of the May 5 Q1 report. Meta disclosed plans to deploy significant volumes of AMD chips alongside over 1-gigawatt of custom Broadcom silicon, underscoring enterprise AI infrastructure spending.
1. Susquehanna Lifts AMD Price Target
Susquehanna increased AMD’s price target to $375 from $300, citing heightened investor confidence in AI and data center chip demand ahead of AMD’s Q1 earnings. AMD shares rose about 1.6% in premarket trading following the upgrade.
2. Meta Integrates AMD Chips into AI Infrastructure
Meta plans to deploy significant volumes of AMD chips alongside over 1 gigawatt of custom Broadcom silicon as part of its expanded infrastructure capex. This design win highlights growing enterprise demand for AMD’s high-performance computing solutions in AI workloads.
3. Anticipation Builds for Q1 Earnings
AMD will report first-quarter results on May 5, with investors focused on data center revenue growth, AI chip sales, and margin trends. Outcomes in these areas will be critical for assessing AMD’s competitive position in the high-performance computing market.